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Twin-Star International Acquired by Trivest Partners

By: - Date: 04/24/2007

Fort Lauderdale, FL – Farlie Turner is pleased to announce that it served as exclusive financial advisor to Twin-Star International, Inc. in its recent sale to the private equity firm Trivest Partners. Twin-Star’s sale to Trivest closed on April 24.

Twin-Star (www.twinstarhome.com), based in Delray Beach, Florida, is a leading designer and manufacturer of quality home furnishings. The company is a recognized market leader in the growing electric fireplace category, supplying a full line of high quality electric fireplaces to leading retailers. The Company also supplies an expanding line of decorative bathroom vanities. Twin-Star sells its products through major retail home centers, wholesale clubs, hardware, internet, specialty furniture, and builder and hearth channels throughout the U.S. and Canada. Trivest (www.trivest.com) is a leading private equity firm focused on middle market corporate acquisitions, recapitalizations, and growth capital financings. Since its inception in 1981, the Miami-based firm has sponsored more than 130 acquisitions and recapitalizations, and currently has more than $600 million under management.

Twin-Star’s current management will continue to run the Company in partnership with Trivest, stated Company President Michael D. Horvitz.

“The success of our transaction was due in large part to Farlie Turner’s willingness to involve its principal partners in every step of the process,” Horvitz said. “They served as an extremely effective intermediary, and helped to build a bridge between us and Trivest.” ”Farlie Turner’s team was very responsive, hard working and professional throughout,” added Mark Asofsky, the company’s founder and Senior Vice President. “Their investment of time, resources and senior-level attention led to an intimate understanding of Twin-Star, the identification of the right partner for our company, and to a transaction that will benefit all parties.” 

“We are pleased to work with a high quality company such as Twin-Star,” stated Farlie Turner Partner Craig Farlie. “Their strong consumer focus, and ability to produce quality products for some of the world’s most demanding retailers made them a great fit for Trivest. With Trivest’s expertise and success in building high growth consumer product companies, we believe Twin-Star’s future is very bright.” 

Bayshore Partners, LLC, an affiliate of Farlie Turner, served as the financial advisor. Bayshore Partners, LLC is a member of the NASD and SIPC. 

For more information, call (954) 358-3800 or visit www.farlieturner.com.

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